News Amid rising regulatory pressure, TikTok amasses 150m+ users in Europe, plans two more data centers TikTok has amassed more than 150 million users across Europe
News Amazon Music strikes playlist partnership with generative AI music company Endel Endel raised $15m in a series B funding round last year
News Silver Lake to start looking for buyers for entertainment and ticketing giant TEG (report) Silver Lake acquired TEG in October 2019
News Former Warner boss Steve Cooper joins board of Quincy Jones-backed NFT platform OneOf Web3 company and NFT marketplace claims that its “Green NFT platform” mints NFTs that are up to “2 million times more energy efficient” than its rivals
News Napster acquires Web3 music startup Mint Songs after eight-figure financing The acquisition follows Mint Songs’ own $4.3m fundraising
News Sound Credit and PPL strike North America neighbouring rights collections partnership Sound Credit and Soundways will offer their North American performer community access to PPL’s international collections service
News Ex-BMG UK President Alexi Cory-Smith launches acquisitive firm with €30m fund (update) Firm has also struck a direct deal with David Gray to buy his publishing catalog
News Hipgnosis invests in Timbaland’s music marketplace Beatclub, grants producers and artists access to sample from its catalog Investment is part of Beatclub's series A-2 funding round
News After investing $125m over the past year, Cutting Edge secures another $100m to buy film and TV music rights The initial $125m round 'has been fully deployed' according to the company
News Warner Chappell inks global publishing deal with South Korea’s MZMC Inc. MZMC Inc. was founded in 2019 by Paul Thompson
News TikTok rival Triller acquires influencer marketing firm Julius Founded in 2012, Julius connects influencers with brands and agencies
News Music distributor Alliance Entertainment completes $480m SPAC merger Firm completes merger with blank check company, Adara Acquisition
News Ingrooves inks exclusive distribution deal with Australian indie label Teamwrk; to distribute rapper Masked Wolf globally Partnership builds on the two companies’ existing alliance signed in mid-2022
News Switzerland-based MusicBird secures $100m loan facility from Mitsubishi UFJ Financial Group to buy music rights Company entered the rights acquisition space in 2021
News Jennifer Hills and Sarah Desmond promoted to co-MDs at Universal Music UK’s Globe creative agency Desmond and Hills joined Globe in 2009 and 2012